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Increase or decrease in demand

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Reference no: EM1366577

Determine if, for the good marked with ALL CAP lettering, if there is an increase or decrease in demand.

A. A new fashion trend dictates the wearing of KILTS.

B. The price of APPLES.

C. The price of Pepsi, a substitute for COKE, increases.

D. The price of DOG FOOD increases.

E. The consumers start liking MINIVANS all of a sudden.

F. The price of food used to feed DOGS increases.

G. A fall in income forces prospective YACHT owners to cut back on luxuries.

H. Growers of ORANGES unexpectedly receive extremely favorable weather.

I. An increase in pet related crimes (stealing of pets) worries prospective new owners of CATS and dogs.

J. An outbreak of infectious diseases increases the number of people who buy SOAP.

Reference no: EM1366577

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